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Talent Management vs. Performance Management: What’s the Difference?

Extensis

Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s human resource function. While the two terms may seem similar, they represent distinct approaches with unique objectives.

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Key Human Resources (HR) Pillars: Your 101 Guide

Analytics in HR

The term refers to: A function : HR as a business function involves processes and strategies for attracting, developing, and retaining talent to ensure company success. A department : The HR department manages all HR activities, including recruitment, onboarding, compensation, development, performance management, and employee relations.

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Growing a Healthy Compensation Program -- Part Two

Compensation Cafe

We'll identify some of their missteps -- common to companies their size -- then discuss what they can do to achieve healthy compensation habits. Case background: In the first article , we looked at the compensation habits of a company called Healthy Gadgets, a new medical device company that began with fewer than 100 employees.

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What Is Performance Management? The Complete Guide

Analytics in HR

Effective performance management helps organizations ensure that employees understand their roles, receive constructive feedback, and have the support they need to achieve their goals and business objectives. Let’s look at what performance management is, what the performance management process looks like, and some examples.

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4 Tips for 2020 Career Development

Compensation Cafe

Career development no longer has to share the total rewards spotlight, and it becomes the go-to form of employee recognition. And while employees are going to sorely miss the dollars, they'll be thrilled that you'll finally be giving attention to their career. Most employee surveys have reported this yearning for years.

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What’s Keeping HR Up at Night in 2020?

HRExecutive

While the largest decreases occurred in retail trade (139,000 jobs) and construction (112,000 jobs), retaining key talent is HR’s chief concern, according to a survey of more than 300 HR executives representing mid- to large-size employers across multiple industries conducted by Human Resource Executive® between December 2019 and January 2020.

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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

Compensation and benefits : HR ensures that employees are well cared for by giving them competitive salaries and benefits. Performance management : HR informs employees about their roles, gives constructive feedback , and provides support to help them achieve their goals.